Overview

• The Rs 192.86 crore offer is an all-fresh issue of 1.93 crore shares with no offer for sale.
• Bidding runs September 30 to October 3, with allotment expected October 6 and demat credits and refunds on October 7.
• Issue allocation reserves up to 50% for qualified institutional buyers, at least 35% for retail investors, and a minimum 15% for non-institutional investors.
• The 2002-founded agrochemical maker reports FY25 revenue of Rs 502.26 crore and PAT of Rs 25.64 crore, and holds 410 generic registrations across formulation and technical grades.
• Unofficial grey market data on September 29 indicated a Rs 10 premium over the upper band, implying a roughly 10% listing lift, which remains speculative and unverified.